Published on 5/28/2009 in the Prospect News Structured Products Daily.
New Issue: ABN Amro prices $0.212 million 14.75% reverse convertibles linked to Walt Disney
New York, May 28 - ABN Amro Bank NV priced $0.212 million of 14.75% Knock-In Reverse Exchangeable notes due Aug. 31, 2009 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Payout at maturity will be par in cash unless Walt Disney shares fall below the protection price of $19.63, 80% of the initial price of $24.54, during the life of the notes and finish below the initial price in which case the payout will be 40.750 shares of Walt Disney stock.
ABN Amro Inc. is the agent.
Issuer: | ABN Amro Bank NV
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Issue: | Knock-In Reverse Exchangeable notes
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Underlying stock: | Walt Disney Co. (symbol: DIS)
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Amount: | $0.212 million
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Maturity: | Aug. 31, 2009
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Coupon: | 14.75%, payable monthly
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Price: | Par
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Payout at maturity: | Par in cash unless Walt Disney shares fall below the protection price of $19.63, 80% of the initial price, and finish below the initial price, in which case 40.750 shares of Walt Disney stock
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Initial price: | $24.54
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Protection price: | $19.63, 80% of $24.54
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Exchange ratio: | 40.750
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Pricing date: | May 26
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Settlement date: | May 29
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Agent: | ABN Amro Inc.
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Fees: | 1.375%
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